Question

The total expenditure of a family is 1920 is rs.8000. The cost of living index for the year 1920 taking 1910 as the base year is 160. Then, the expenditure of the family in the year 1910 was ?

Answer 1

Answer:

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Explanation:

Given that the expenditure of a family in 1920=8000

Suppose that the expenditure of a family in 1910=x

Cost of living =160

We know that,

Cost of living =The expenditure of a family in 1910The expenditure of a family in 1920×100

160=x8000×100

x=1608000×100

x=50×100

x=5000